Susquehanna analyst Christopher Rolland reiterated a Positive rating on Nvidia Corp (NASDAQ:NVDA) with a price target of $850, up from $625.
The analyst noted the company needs a +$1.58 beat on the fourth quarter and estimated fiscal 2025 revenue of $99 billion. The chip designer reports earnings on February 21.
Rolland expects better results and guidance as checks around Data Center GPUs are solid.
For Data Center (now >80% of revenue), Al demand remains strong, helped by better hyper-scale capex guidance and recent commentary from Meta Platforms Inc (NASDAQ:META) and Tesla Inc (NASDAQ:TSLA) suggesting continued vital GPU purchases.
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While some worried about an air pocket ahead of B100, Rolland noted it as increasingly less likely, although the possibility of slowing growth in the third quarter in front of this year-end ramp.
He noted that H100s generally have been allocated to Nvidia’s largest customers, while the long-tail list has yet to ...